The U.S. Securities and Change Fee has requested potential issuers of spot Solana exchange-traded funds to file amended S-1 registration statements
The U.S. Securities and Change Fee has requested potential issuers of spot Solana exchange-traded funds to file amended S-1 registration statements inside the subsequent week, in line with Blockworks, which cited three individuals acquainted with the matter.
Regulators plan to assessment the revised paperwork and ship feedback inside 30 days, a timetable that might enable the SEC to log out on as many as 5 Solana ETFs in roughly three to 5 weeks, the outlet reported. The company’s requested modifications deal with clarifying language round in-kind redemptions and the way staking of Solana tokens can be dealt with inside the funds.
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